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Today's Feature
Forbes (2/2/2020)
It's shaping up to be a great year for private equity. In January, financial data provider Preqin said private investors have a record-breaking $1.5 trillion in cash. At the annual JP Morgan Healthcare Conference, executives and dealmakers touted their optimism about the pipeline for 2020 deals. With all these positive signs, what's to worry about? According to experts, PE firms are at risk unless they're committing serious resources to enterprise risk management.
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Industry News
Risk Management Monitor (2/4/2020)
The novel coronavirus 2019-nCoV continues to spread throughout China and other countries, seriously impacting business operations around the world. As governments and companies act to protect their citizens, operations and employees at home and abroad, these actions threaten to produce business interruptions, travel risks and other effects that could be detrimental to business continuity.
Reuters / Insurance Journal (2/3/2020)
The economic and diplomatic costs of China's coronavirus epidemic mounted on Monday with investors knocking $400 billion off the value of stocks and the government accusing the United States of over-reacting to the outbreak and whipping up panic.
Commercial Risk (2/4/2020)
Robust risk management will be key to protecting businesses, said trade credit insurer Atradius, as it predicted insolvencies will rise 7% or higher in the UK and more modestly in Europe during 2020 as a result of Brexit.
Asia Insurance Review (2/5/2020)
The outbreak of the novel coronavirus will likely weigh on Chinese insurers' earnings and revenues in 2020, says S&P Global Ratings. The international credit rating agency expects potential equity market volatility and persistent reinvestment challenges to strain domestic insurers' bottom lines as business activities slow down from reduced face-to-face engagements with customers.
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Risk Management Magazine (2/3/2020)
Massive brushfires that have been burning since September continued to spread throughout Australia in the new year. The fires have been exacerbated by record-breaking heat and drought conditions in the country that many experts believe are due to the ongoing effects of climate change.
Bloomberg / Insurance Journal (1/31/2020)
London's Europeans are facing a moment of seismic change. At 11 p.m. on Friday, the UK will legally withdraw from the European Union, severing the 47-year relationship with its trading partners and redefining itself as a country standing alone in the world.
Property Casualty 360 (1/31/2020)
Recent weather events around the world and in the United States (primarily along the coasts) have put quite a burden on the insurance world. Increased losses and indemnity dollars ultimately lead to premiums rising as high as sea levels.
Canadian Underwriter (1/31/2020)
If you are placing commercial cyber coverage, pay attention to what the various insurers' policies say about war and terrorism, a commercial broker advises.
BBC News (2/4/2020)
A ban on selling new petrol, diesel or hybrid cars in the UK will be brought forward from 2040 to 2035 at the latest, under government plans. The change comes after experts said 2040 would be too late if the UK wants to achieve its target of emitting virtually zero carbon by 2050.
Rims Resources
  
Listen to our new RIMScast episode featuring Jacqueline Legrand, founder and CEO of Maptycs -- a risktech and insurtech company that provides an advanced risk analytics platform to help risk managers and insurance professionals get actionable insights from their data. During this interview, Jacqueline shares her outlook on the future of the risktech industry and gives advice on how risk professionals and business leaders could consider an investment in technology. She also addresses some of the challenges she faces as the CEO of a small risktech and insurtech company that has an international clientele and reach.
  
The RIMS Benchmark Survey tracks the year-over-year changes in the insurance marketplace. It provides the only independent, fact-based review of the cost of risk to insurance purchasers - unbiased by the brokers or insurers involved. The 2019 Survey collected data from 16,000+ insurance programs and represented more than $3.95 billion in premium. The Survey showed increased TCOR across several lines of coverage. What will 2020 show? Contribute your data to find out.